During the recent session, Frontline Plc (NYSE:FRO)’s traded shares were 1.11 million, with the beta value of the company hitting 0.28. At the last check today, the stock’s price was $18.08, reflecting an intraday gain of 3.20% or $0.56. The 52-week high for the FRO share is $28.83, that puts it down -59.46 from that peak though still a striking 31.42% gain since the share price plummeted to a 52-week low of $12.40. The company’s market capitalization is $4.03B, and the average intraday trading volume over the past 10 days was 2.68 million shares, and the average trade volume was 3.03 million shares over the past three months.
Frontline Plc (FRO) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. FRO has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.53.
Frontline Plc (NYSE:FRO) trade information
Frontline Plc (FRO) registered a 3.20% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.20% in intraday trading to $18.08, hitting a weekly high. The stock’s 5-day price performance is 5.24%, and it has moved by 7.56% in 30 days. Based on these gigs, the overall price performance for the year is -38.10%. The short interest in Frontline Plc (NYSE:FRO) is 8.38 million shares and it means that shorts have 3.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $12.49, which implies a decrease of -44.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12.49 and $12.49 respectively. As a result, FRO is trading at a premium of 30.92% off the target high and 30.92% off the low.
Frontline Plc (FRO) estimates and forecasts
In the rating firms’ projections, revenue will decrease -1.02% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 323.04M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 304.64M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 556.03M and 295.33M respectively. In this case, analysts expect current quarter sales to shrink by -41.90% and then jump by 3.15% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.52%. While earnings are projected to return -4.98% in 2025, the next five years will return 16.51% per annum.
FRO Dividends
Frontline Plc is due to release its next quarterly earnings on 2025-May-22. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Frontline Plc is 1.78, with the dividend yield indicating at 9.85 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 11.48%.
Frontline Plc (NYSE:FRO)’s Major holders
Frontline Plc insiders own 35.79% of total outstanding shares while institutional holders control 30.24%, with the float percentage being 47.10%. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP is the largest shareholder of the company, while 290.0 institutions own stock in it. As of 2024-06-30, the company held over 6.7 million shares (or 3.0103% of all shares), a total value of $173.72 million in shares.
The next largest institutional holding, with 5.38 million shares, is of VANGUARD GROUP INC’s that is approximately 2.4155% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $138.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Frontline Plc (FRO) shares are VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund and VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund . Data provided on Jan 31, 2025 indicates that VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund owns about 2.0 shares. This amounts to just over 0.98 percent of the company’s overall shares, with a $36.35 million market value. The same data shows that the other fund manager holds slightly less at 1.23, or about 0.61% of the stock, which is worth about $22.4 million.
